Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-03-22
las IN THE SENATE CHAMBER.

by MT. lTOub 10 hultuu huu 10
enact sections 5, 7, and 0 OF an act in
cooperating the Roanoke and Southern
Railway Company, approved February
IL, 1886.
By Mr.. Dalton To amend and re-
enact sections 3 and 3 of an act to in
corporate the National Compress Asso-
citation of Norfolk, approved March IL,
1884.
ByMr. Lovenstein To relieve Daniel
Edmunds, disabled Confederate SOL
der.
BY Mr.. Lovenstein : To amend the
charter of the Citizens Bank OF Rich
mond.
By Mr.. Stubs To allow B. A. Rowe
and others to erect pier on York river,
in Gloucester county.
By Mr.. Stubs To allow John L.
Fosque and others to erect a pier on
York river, Gloucester county.
BY Mr.. Dalton To provide for the as
sessment of license tax on convey
ances.
By Mr.. Mccormick (by request) To
provide for the appointment OF trus-
tees, aldermen, &C., of the cities and
towns of the Commonwealth in the case
of vacancies.
By Mr.. Heaton: To amend sections
3 and of an act to incorporate the Vir-
ginia Marble Company, approved
March 80, 1869, and to add additional
sections thereto.
BY Mr.. Williams Supplementary to
an act approved March II, 1884, enti-
tied an act to amend an act to incorpo-
rate the Virginia Mineral Railway Com
pany, approved March 6, 1880.
BY Mr.. Causey To amend and re-
enact section 20 of chapter $50 OF the
Code of 1873, in relation to the fees Of
officers.
NORFOLK AND WESTERN STOCK.
One OF the first bills reached on the
calendar was the one authorizing an
increase of the capital stock OF the Nor
folk and Western railroad. The bill
came up on q motion to reconsider the
vote by which it was ordered to its en-
grossment, which motion was made on
Saturday and passed by.
Mr.. Dalton spoke in favor of passing
the bill, saying that upon this issue Of
stock depended the successful continu-
ance Of the road and the building by it
of southern connections.
Mr.. Gordon was not at all antagonistic
to this road, but, on the contrary, desired
to do whatever was just and right to en-
courage it. He thought, however, that
it was dangerous to allow any corpora
ton of this character to increase its
capital stock without limit. He was
willing to vote for the bill if it was so
amended as to fix some reasonable
maximum.
Mr.. Dalton was willing to fix some
maximum, but thought it entirely I'M
necessary, as it would not be to the inte-
rest of the stockholders to issue more
stock than is needed.
Mr.. Diggs said he was favorably dis
posed to the road, but thought the
mode prescribed for issuing the stock
an unsafe one, and some maximum
should be fixed. He sounded the note
of warming against watered stock.
Mr.. Trout thought this bill should
be passed. No road has brought as
much capital into the State as this one,
which in 1886 paid $4,000 taxes and
did not offer coupon.
After some further discussion the
Senate refused to reconsider the en-
grossment of the bill, and the bill was
passed.
1t provides
That the capital stock of the Norfolk and
Western Railroad Company may, with the con-
sent Of a majority Of its stockholders present a.
any called or annual meeting OF the company,
be increased from time TO time 10 such an
amount or amounts, aud be issued and sold on
such terms and conditions aud In such manner
as the Board OF Directors may determine. such
part 20 be made preferred and such part COM
mon by the Board OF Directors In such manner,
on ouch terms and conditions as may be pro-
vidod in the resolution of the stockholders au-
thorizing such increase; and the Board OF d.
rectors may sell the same at such price. or re-
ceiye bonds, stocks, or other property, real or
personal, in payment OF or In exchange for the
same, at such valuation and on such terms as
may be agreed upon.
CIgCUIT-JUDGEs' PAY.
The next measure reached was the
bill amending and reenacting sections
8 and 8 of chapter IL of the Code of
1873, as amended by the act OF March
-, 1878, in regard to the pay and
mileage of judges. The bill provides
that the judges of circuit courts shall
receive g, 500 per annum, except in the
Seventh and Thirteenth circuits, where
so, 800 shall be paid. Also, that the
mileage of Circuit and Supreme Court
Judges shall be increased from 10 to
20 cents.
Mr.. Koiner, chairman of the Finance
Committee, strongly opposed the in
crease, and plead the impoverished con-
dition of the State in support OF his
position. These judges were elected
with their present salaries and were,
without exception, eager for the posi-
tons. Here, with the Legislature as
sembled in extra session and in the
very throes of reputation, is no time
to talk about all increase OF salaries.
Mr.. Coltrnne said the present judges
were clamorous for election at the pres
ent pay, and if they are not satisfied let
them send in their. designations and
Others can be elected.
Mr.. Diggs, chairman OF the Judici-
airy Committee, which reported the
bill favorsbly, spoke strongly in
its behalf. Largely the majority
of the judges elected at the regular SEES
sion Of 1885 were the same who
were elected in 1870 and put out when
the administration changed. Most OF
these gentlemen left the lucrative
practice of their professions to serve
the State; they have spent the
best years OF their lives on the
bench, and now as they are de-
scending the vale OF years, it is non.
sense to speak OF their resigning and
starting life afresh in their old age,
without dollar, without cause in
court, and without q client at their
back. There is no State in the Union
where circuit judges are so poorly paid,
the lowest salaries being in West Vir-
ginia, where 81, 800 is paid. There are
no persons in the employment Of the
State who fill such important positions,
work so hard, and are so poorly paid.
MIR. Jones, the patron OF the bill. and
Messrs. Mccormick, Wickham, and
Causey forcibly urged the passage OF
the bill, and Messrs. Williams, Keezell,
Koiner, Petit, and others opposed it,
The debate took broad latitude,
and questions relating TO the State